XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 788 $ 555
Accounts receivable - net of allowance for doubtful accounts of $2 and $4, respectively 393 356
Inventories 326 276
Other current assets 85 63
Total Current Assets 1,592 1,250
Marketable securities 13 20
Property, plant and equipment, net 780 774
Intangible assets, net 825 833
Goodwill 2,076 2,076
Other non-current assets 82 72
TOTAL ASSETS 5,368 5,025
Current Liabilities    
Accounts payable 272 210
Product warranty liability 29 32
Current portion of long-term debt 5 6
Deferred revenue 45 41
Other current liabilities 212 212
Total Current Liabilities 563 501
Product warranty liability 32 27
Deferred revenue 93 89
Long-term debt 2,396 2,497
Deferred income taxes 505 519
Other non-current liabilities 158 159
TOTAL LIABILITIES 3,747 3,792
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,930 1,891
Accumulated deficit (272) (628)
Accumulated other comprehensive loss, net of tax (38) (31)
TOTAL STOCKHOLDERS’ EQUITY 1,621 1,233
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 5,368 5,025
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0